Industry-academia collaboration in higher education institutes: With special emphasis on B-schools

Abstract

Academia and Industry are critical pillars of our economy. The collaboration between Academia & Industry to a great extent helps in acquiring a better Ranking by accreditation agencies, growth & employment opportunities, research & development avenues etc. A productive interface between industry and academia, in the present times of knowledge economy, is a critical requirement. The dynamic nature of Industry and academic world has the responsibility of developing concepts and theory on the same lines to keep pace with the changing environment. Collaboration between industry and academia is relatively less and common paradigms are less explored. This research aims to examine the Industry and Academia Collaboration to explore new areas of growth with special reference to B- Schools and focuses on how this can help in the growth of Higher Education Institutions (HEI).